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US used vehicle sales are more than double the number of new vehicle sales

Green Car Congress

In the US, the used light-duty vehicle market is more than twice the size of the new light-duty vehicle market for each year shown. Used vehicle sales for 2018 were 40.2 million vehicles, while new vehicle sales were 17.2

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Volkswagen and JAC launch new JV for electric cars for mass market in China; 1st vehicle in 2018

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The new joint venture, which has initially been concluded for a term of 25 years, will develop electric vehicles and launch them on the hotly contested Chinese mass market. The objective is to deliver 400,000 electric vehicles to the Chinese market in 2020 and 1.5 Each of the partners is to hold a 50% stake in the new company.

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CNCDA: registration of electrified vehicles up 3.6% in California in 2019, while total car reg down 5.5%

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Registrations of new electrified light-duty vehicles (HEVS, PHEVs and EVs) in California rose 3.6% to 250,566 units in 2019, up from 241,970 units, according to the California New Car Dealers Association (CNCDA), using data from IHS. Overall, the California new light-duty vehicle market declined 5.5% Market share.

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Total BEV sales in California at 8.9% of 2030 goal

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The California Center for Jobs & The Economy has released an updated report ( earlier post ) on the progress of ZEV sales in the state during the first half of 2020, drawing on sales data from the California New Car Dealers Association (CNCDA). In spite of the uptick in market share, BEVs remain a small component of the overall market.

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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

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IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 Source: IHS Automotive, September 2015 Light Vehicle Sales Forecast. million in 2018.

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Data show California BEVs at 6.7% new vehicle marketshare in Q3

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The report is based on sales data from the California New Car Dealers Association (CNCDA). The data show total new light vehicle registrations in the third quarter were down 19.6% market share in Q3 as registrations of traditional fuel vehicles were down more sharply. between 2018 and 2019 in California, and 1.0%

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Report: California cumulative PEV sales at 10.5% of 2030 goal; true ZEVs at 5.6%

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times higher to meet the 2030 goal, according to the report, which mainy analyzes Q4 2018 results. These numbers assume, the report cautions, that the current market share will remain elevated above the long-term average. million by 2025, with a sub-goal that their market share is expanding at that point. Light truck sales.